Tesla’s Battery Factory Surges past Nevada Tax Break benchmark

in Business/Local News

 

Tesla added more than 800 employees and $459 million in capital investment at the giant factory in Nevada that manufactures batteries for its electric cars during the fourth quarter of last year. The latest tax incentive audit from the Nevada Governor's Office of Economic Development shows private spending surged past the benchmark needed to ensure Tesla's state tax breaks, the Reno Gazette-Journal reported Tuesday.

The fourth quarter additions brought employment up to nearly 3,250 and capital spending to $3.7 billion. The company also employed more than 1,300 construction workers during the fourth quarter, bringing that employment up to about 13,700.

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